M&T Bank and Three Others Set to Report Earnings Before Friday's Open
Written by Emily J. Thompson, Senior Investment Analyst
Source: seekingalpha
- Earnings Release Preview: M&T Bank (MTB), PNC Financial Services Group (PNC), Regions Financial Corporation (RF), and State Street Corporation (STT) are set to report earnings before the market opens on Friday, with investors keenly awaiting their performance and future guidance.
- Market Reaction Expectations: Investors are particularly eager for these financial institutions' earnings, especially in the current economic climate, as analysts will closely monitor key metrics such as loan growth, asset quality, and profitability.
- Industry Impact Analysis: The release of these earnings could significantly influence the overall performance of the financial sector, particularly against the backdrop of interest rate changes and economic recovery, as the market assesses how these companies are navigating challenges.
- Complete Earnings Calendar: Seeking Alpha offers a full earnings season calendar, allowing investors to access more information to aid in their investment decisions.
Analyst Views on MTB
Wall Street analysts forecast MTB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MTB is 220.90 USD with a low forecast of 185.00 USD and a high forecast of 251.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
8 Buy
7 Hold
1 Sell
Moderate Buy
Current: 212.570
Low
185.00
Averages
220.90
High
251.00
Current: 212.570
Low
185.00
Averages
220.90
High
251.00
About MTB
M&T Bank Corporation is a financial holding company. The Company’s principal banking subsidiary, M&T Bank, provides banking products and services with a branch and ATM network spanning the eastern United States from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the United States and abroad by its Wilmington Trust-affiliated companies and by M&T Bank. Its segments include Commercial Bank, Retail Bank and Institutional Services and Wealth Management. The Commercial Bank segment provides a range of credit products and banking services to middle-market and large commercial customers, mainly within the markets served by the Company. The Retail Bank segment provides a wide range of services to consumers and small businesses through the Company’s branch network and several other delivery channels. The Institutional Services and Wealth Management segment provides a variety of trustee, agency, investment management and administrative services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
